In this interview, the Economist sits down with Nouriel Roubini of Roubini Global Economics to discuss America’s banking reforms, the risk of deflation in advanced economies and China’s growth.
Mr. Roubini has been on top of the Global Financial Crisis from the beginning but I think he is a bit overconfident about our ability to see the next one coming. He may be able to see it but will anyone in a position to fix it do anything about it next time?
I also think China’s economic issues are potentially bigger than the $2 trillion pile of forex reserves (mostly US Treasuries). Politically, China’s worker bees have learned that they can protest against factory bosses without getting their heads bashed. What if a ten million or so decide to take it up a notch in the future when they get tossed out of their factories or lose big on their first home purchase?
Prof Roubini’s only correct forecast was the beginning of the recession. Since then he has been consistently wrong. Pessimism provides him with cheap publicity. The recession did not develop as catastrophically as he predicted and the recovery was better than he predicted. Despite the present slowdown, from less stimulus, the US economy is still growing and leading economic indicators expect that growth to continue. NO double dip recession in 2010/2011.
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By Prieur du Plessis, on August 12th, 2010 posted in: Economy, US 
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Mr. Roubini has been on top of the Global Financial Crisis from the beginning but I think he is a bit overconfident about our ability to see the next one coming. He may be able to see it but will anyone in a position to fix it do anything about it next time?
I also think China’s economic issues are potentially bigger than the $2 trillion pile of forex reserves (mostly US Treasuries). Politically, China’s worker bees have learned that they can protest against factory bosses without getting their heads bashed. What if a ten million or so decide to take it up a notch in the future when they get tossed out of their factories or lose big on their first home purchase?
Prof Roubini’s only correct forecast was the beginning of the recession. Since then he has been consistently wrong. Pessimism provides him with cheap publicity. The recession did not develop as catastrophically as he predicted and the recovery was better than he predicted. Despite the present slowdown, from less stimulus, the US economy is still growing and leading economic indicators expect that growth to continue. NO double dip recession in 2010/2011.